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Banks going from crypto-skeptics to crypto-friendly, a new Liechtenstein initiative

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March 3, 2018 | 

2881 Views | 

Joanna Newman | 

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Banking institutions are unconditional crypto-skeptics, this seems to be their innate nature, out of any logical foundation, with only purpose of keeping their own interests.

Yet, it seems that the trend is changing.

After Circle, the start-up funded by Goldman Sachs, that has bought Poloniex;  after Rabobank creating its own cryptocurrency wallet service, now it is the turn of a Liechtenstein-based bank to offer to its clients a direct investment service in crypto-currencies and the cold storage.

It’s a first at Liechtenstein



blockchain


The new possibility to store your crypto-currencies at the bank


Bitcoin CashLitecoinRipple Ethereum

The cold storage is one of the most interesting available options, rather than having your cryptocurrencies on a current account, you can decide to freeze them at the bank for a while.


Like Robabank's initiative, Frick's is not a first. Swiss banks such as Vontobel and Falcon Private Bank already offer this service.


In the Netherlands, another bank propose a product called Rabobit, for cryptocurrencies users. This would allow credit card holders issued by the bank to use it to store cryptocurrencies coins.










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